Implementing Regulations of Income Tax law:
The provisions of the Implementing Regulations of Income Tax law shall apply to resident capital companies with respect to shares of non-Saudi partners, whether they are resident or non-resident natural or legal persons. Shares of non-Saudi partners in resident capital companies shall not include shares of non-Saudis held for speculation purposes through trading shares of joint stock companies in the Saudi Stock Exchange. Shares of non-Saudis in mixed companies, which are partners in resident capital companies, are not considered Saudi shares for the purposes of this Law.